adminChina, Japan plan direct currency exchange agreement
China and Japan have unveiled plans to promote direct exchange of their currencies in a bid to cut costs for companies and boost bilateral trade.
The deal will allow firms to convert the Chinese and Japanese currencies directly into each other.
Samsung buys out Sony LCD venture
Samsung Electronics has agreed to buy out Sony’s entire stake in their liquid crystal display (LCD) joint venture.
The Korean electronics maker said it will pay Sony $939 million in cash for its stake.
Lagarde warns global economy threatened
Paris — The head of the International Monetary Fund said the world economy was in danger and urged Europeans to speak with one voice on a debt crisis that has rattled the global financial system.
In Nigeria last week, Christine Lagarde said the IMF’s four percent growth forecast for the world economy in 2012 could be revised downward, but gave no new figure.
Investors prefer Nigeria to South Africa
Global private equity players prefer to invest in Nigeria rather than South Africa, saying the latter is “over-invested”.
This was the view of a panel of discussants at the recent SuperReturn Africa conference in Kenya, one of the many private equity conferences held on the continent this year.
The panel was hosted by Will Jimerson, the Executive Director of Musa Capital.
Chelsea’s title hopes fade
Chelsea’s fading Premier League title hopes suffered a huge blow as Fulham hit back to earn a battling draw in a lacklustre west London derby.
Jose Mourinho eyes return to England
Jose Mourinho eyes return to England
Former Chelsea boss Jose Mourinho has said his next step in management will be a return to the Premier League.
Boxers urged to take medical examinations
By Thandiwe Moyo
PROFESSIONAL boxers have been urged to take their medical examinations as there are a number of tournaments, both local and international, lined up for next year.
The Zimbabwe Boxing and Wrestling Control Board secretary Patrick Mukondiwa said there were a number of inquiries through the association about some boxers.
“We have had a number of international promoters inquiring about some of our local boxers. We urge the boxers to go for their medical examinations so that they are cleared and are able to take part in the tournaments,” he said.
Chigwandaza ready for top-flight league
By Noel Munzabwa
ONE of the safest hands in the just-ended Central Soccer League, the nomadic Gilbert Chigwandaza of Tripple B, is eyeing a Premier Soccer League appearance next season.
DeMbare reward players
Harare Bureau
DYNAMOS players are set to be rewarded for ending a four-year drought by winning the championship after the executive decided that they extend a hand of appreciation for the season’s achievement.
Club treasurer Webster Chikengezha yesterday said the players and the executive will meet later this week to discuss the figures and how the money is to be paid to ease tension between the two parties over the issue.
“The team did well in the just-ended season and the executive has met and decided that we need to thank our players for their fighting spirit,” said Chikengezha.
Berbatov fires Manchester United’s title charge
Dimitar Berbatov hit a hat-trick as Manchester United drew level on points with Manchester City at the top of the Premier League with an emphatic 5-0 victory over 10-man Wigan at Old Trafford yesterday.
Sir Alex Ferguson’s side are now behind arch rivals City, who were held to a draw at West Bromwich Albion, only on goal difference thanks to their second 5-0 win in the space of a week.